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Saturday, October 24, 2020
FinTech

FinTech

More Than Just Apps: FinTech Is The Key To Collaboration When We Need It Most

More Than Just Apps: FinTech Is The Key To Collaboration When We Need It Most
Today, there is an app for just about everything. Need to find the cheapest place to park downtown that’s within walking distance to your meeting? There’s an app for that. Want to reserve a bargain hotel or fill up your car with the least...

PwC: ‘FinTech and financial services are competing less and coming together’

PwC on FinTech Collaboration
PwC says the financial services establishment has moved from viewing fintech startups as an amusing aside to seeing them as crucial collaborators, with a huge proportion hoping to partner with new innovators in the future. In its latest Global Fintech Report, published on Thursday, PwC...

China, Blockchain & The Holy Grail of Marketplace Lending

China, Blockchain & The Holy Grail of Marketplace Lending
When one of the world's largest corporations gets together with one of its largest peer-to-peer (P2P) lenders, you can almost hear the market sit up. That's what happened last week, when Chinese conglomerate Foxconn joined forces with P2P lender Dianrong to launch a blockchain platform...

Collaboration Is The Way Forward For Banks And FinTech

Banks & FinTech
Much has been said and writtenabout the impending doom of banking, as customers begin to flock over to Fintech products and services. However, the claim that Fintech will kill banking is still an overstatement. Banking, as we know it, is changing because of Fintech,...

Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada

Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada
The floor is shaking in this sun-drenched, airy downtown Toronto office. Blame that on the two young men, one in shorts and a soccer jersey, thudding around the ping-pong table just off the centre of the room. About 50 engineers, developers and data scientists—one of...

Online Small-Business Lending Is Set to Bounce Back

Online Small-Business Lending Is Set to Bounce Back
For online business lenders, 2016 was a rough year. Two prominent fintech companies saw their market valuations drop. One small-business lender abruptly stopped issuing loans temporarily due to performance issues, while another was forced to shut down. The industry as a whole faced heightened skepticism...

Global FinTech regulators promise ‘not to stifle innovation’

Innovation
Speaking at the ASIC Annual Forum last week on the future of financial regulation, managing director of the Monetary Authority of Singapore and member of the Financial Stability Board, Ravi Menon addressed the issue of how regulators must respond to fintech moving forward. “Often when...

Gift Cards As Currency – How Fintech Is Changing The Way We Give

Gift Cards As Currency - How Fintech Is Changing The Way We Give
Giving and receiving unwanted gifts is an experience all too familiar for most of us. In fact, Americans spend a whopping $9.5 billion on unwanted gifts. Of course, returning a gift to the giver is not an option, unless you want to effectively severe ties...

The First Bangladesh Financial Innovation Forum: Five Findings

Financial Innovation Forum
In the fast moving, rapidly changing financial services landscape of Bangladesh, where the regulators are holding all institutions to a world standard of risk mitigation and transparency, a highly unlikely event happened this week. The top leaders of many of the largest financial services providers...

Innovations in customer identifications & verifications in the digital era

Blockchain
“Know Your Customer” or KYC as it is popularly known in the banking circle is the very first activity that a bank performs when a bank onboards a new customer. In simple terms, a customer MUST prove his or her identity to the bank...
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